IBAN Information for: Mauritius
Find out all you need to know about the IBAN format in MU, including length, structure, and validation rules.
IBAN Information - Mauritius
Overview
The International Bank Account Number (IBAN) for Mauritius (MU) follows specific formatting rules. Here you'll find all the important details about the MU IBAN format.
Key Details
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IBAN Length 30 characters
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Country Prefix MU
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SEPA Member No
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Currency MUR
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Membership Non-Member
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Central Bank Bank of Mauritius
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Central Bank Website www.bom.mu
Format Information
Domestic Format Information
IBAN Block Structure
MU 43 BOMM01 01 123456789101000 MUR
IBAN Structure Legend
- MU Country Code
- 43 Check Digits
- BOMM01 Bank Code
- 01 Branch Code
- 123456789101000 Account Number
- MUR National Code
Structure for Mauritian IBAN
Mauritian IBANs consist of the country code (MU, 2 characters), check digits (2 digits), bank code (6 characters), branch code (2 digits), account number (15 digits), and national code (3 characters).
The Mauritian IBAN consists of 30 characters. The bank code (6 characters) identifies the bank, followed by a 2-digit branch code. The account number (15 digits) contains the details of the customer account. The IBAN ends with a 3-character national code, in this case "MUR" for Mauritian Rupee. Mauritius is not part of the SEPA zone, so international transfers may take longer to process and incur higher fees than transfers within SEPA.
Bank Information
What is an IBAN?
An International Bank Account Number (IBAN) is a standardized international numbering system developed to identify bank accounts from around the world. It was originally adopted by the European Committee for Banking Standards and later as an international standard.
IBAN Uses
- International wire transfers
- SEPA payments within Europe
- Automated payment processing
Benefits of IBANs
- Reduced errors in international payments
- Faster processing of cross-border transactions
- Standardized format for global banking
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IBAN Verification
The check digits in an IBAN allow for verification of the entire number, reducing the risk of errors during transcription. This makes international payments more reliable.
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